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The shareholders of Mozilla own Mozilla. And that's not Google. If Google stopped the search deal then Bing would take over in a second.

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At a much lower price, because search deals are paid based on number of searches done (so indirectly, the number of active users), and because Google has 90%-ish market share, it means a 90% drop in revenue.

Also, Bing has on average twice higher RPMs, so, a 50% of drop in income after rev-share.

So, you remove 90% of the revenue, and you divide by 2 what is remaining.

Technically it might even be healthy for Mozilla to loose 90% of the budget as they are spending that on bs projects that has nothing to do with Firefox. Maybe it would force them to spend the money on the Firefox team, and all the money hungry top management would go somewhere else where they can waste money.

Mozilla spends a very large majority of its revenue directly on Firefox. Cut Mozilla's budget by 90% and you cut Firefox's budget by nearly 90%.

A little nitpick: Mozilla has no shareholders. Mozilla Foundation is a non-profit, while Mozilla Corporation is 100% owned by the Foundation. Your point still stands though.

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